Lovell assigned to King’s Lynn regeneration scheme

Housing development company, Lovell has been given a contract by King’s Lynn & West Norfolk borough council for the latest phase of a King’s Lynn home development, valued at £6.5m.

The firm will get to work on the project in September this year. It has been tasked to develop 50 new homes on the south side of the town’s centre. The development falls under the Nar Ouse Regeneration Area (NORA) scheme.

Lovell will develop 50 houses, with 42 intended for the open market and eight for shared ownership and rent. The deadline has been earmarked for early 2018. Hamson Barron Smith has designed the homes, which will include a number of energy-saving features.

Thus far, the NORA scheme has provided over 100 houses on the Nar Valley Park site. Half were promoted through the government’s Help to Buy initiative, which is designed to help both existing owners and first-time buyers.

Cllr Alistair Beale said that the site had been regarded as a key regeneration project. He commented:

“All of the 112 homes we have already built on the site are either sold or sale agreed, such is the demand for housing in the area. This latest phase will make a further 50 properties available.”

The council will be preparing the necessary paperwork to house 50 new tenants, which may include letterheads and customised stationery, along with any other necessary materials.